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“We’re implementing and testing AI applications across our business from enhancing back office processes like dispute resolution and filing suspicious activity reports to improving how we interact ...
Enova originated $1.2B in small business loans in Q2 2025, marking the fourth time they’ve exceeded $1B. When asked how that segment of their business has continued to perform so consistently, Enova ...
Los Angeles, CA – July 28, 2025 – Cloudsquare, the leading provider of Salesforce-powered merchant cash advance (MCA) solutions, has announced the addition of Forward Financing to its expanding ...
The submitted deals are real. The merchants are real. Everything checks out until suddenly it doesn’t. The merchants block the payments and find out they’ve been scammed.The funders find out they’ve ...
Eight individuals have been arrested by the FBI and charged in connection with a scheme to defraud small business owners out of millions of dollars by charging them money in return for a promise of a ...
There may be a rogue broker on the loose. The scam involves a fraudulent Letter of Intent (LOI) falsely claiming to be that of a major funder designed to resemble the real McCoy. Events like this ...
Shopify Capital originated $837 million in business loans and merchant cash advances in Q3, putting the grand total at $2.1B for the first 3 quarters. During the earnings call, Shopify said that loss ...
A firm that offers to “restructure corporate debt primarily MCA or Merchant Cash Advance debt” was sued last month by a small business owner for fraudulent inducement, consumer fraud, unjust ...
After taking drastic action over the last year to rein in surging SMB lending charge-offs, PayPal believes it has corrected the issue. “We have now fully lapped the actions taken last year to tighten ...
Edward William Rennick III, a known debt relief scammer previously barred from the debt relief industry by the FTC, continued on with his scheme for years after the ban. He is now charged criminally ...
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